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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (108696)	8/11/2007 9:18:25 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 132070

i didn't know his name was jim. all this time i thought it was J. learn something new every day.

To: Knighty Tin who wrote (108696)	8/11/2007 9:21:58 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 132070

Hmmm, I thought rich people had CPA's. -g- Hey, did you notice Barron's shilling for Bear Stearns with no long term debt figure or mention of 2 million in negative cash flow. I was going to ask you for an entry point. BTW, pick up Art Blakey "Moanin'" and some vino.

To: Knighty Tin who wrote (108696)	8/11/2007 9:25:07 PM
From: Box-By-The-Riviera™	Read Replies (2) \| Respond to of 132070

as expected weekends now provide the most news: PRINCE LIKES TO DANCE WITH DEAD CHICKS Citigroup faces the $500m music By David Wighton in New York Published: August 11 2007 03:00 \| Last updated: August 11 2007 03:00 Citigroup has lost more than $500m (£246m) in credit securities in recent weeks, making it one of the biggest casualties of the crisis, according to a person briefed on the situation, writes David Wighton in New York. The scale of the losses is not a serious problem for a company that earned more than $20bn last year and bankers believe some Wall Street rivals have lost more. But it will be acutely embarrassing for Chuck Prince, chairman and chief executive, who has been widely criticised for saying last month that Citi was "still dancing" in the credit markets. The losses will undermine his efforts to restore investor confidence in the world's largest financial services company and revive its flagging share price. They will also be a blow for Tom Maheras, head of Citi's capital markets business, who recently told the Financial Times that its growth had caught up with rivals after three years of underperformance. The losses were made largely in the structured credit business run by Michael Raynes, hired from Deutsche Bank in London last summer. They are in addition to those Citi faces from lending commit- ments to leveraged buy-outs. Mr Prince told the FT on July 10 that the lending party would end but there was so much liquidity at the time that it would not be disrupted by the turmoil in the US subprime mortgage market. "When the music stops, in terms of liquidity, things will be complicated," he said. "But as long as the music is playing, you've got to get up and dance. We're still dancing." Copyright The Financial Times Limited 2007